Bailard Inc. Acquires Shares of 19,100 First Mid Bancshares, Inc. (NASDAQ:FMBH)

Bailard Inc. acquired a new position in shares of First Mid Bancshares, Inc. (NASDAQ:FMBH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,100 shares of the bank's stock, valued at approximately $667,000. Bailard Inc. owned approximately 0.08% of First Mid Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in First Mid Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,350 shares of the bank's stock worth $6,493,000 after acquiring an additional 1,096 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Mid Bancshares during the fourth quarter valued at approximately $488,000. Intech Investment Management LLC acquired a new stake in shares of First Mid Bancshares in the fourth quarter valued at approximately $344,000. Teacher Retirement System of Texas raised its position in First Mid Bancshares by 96.7% in the 4th quarter. Teacher Retirement System of Texas now owns 31,898 shares of the bank's stock worth $1,174,000 after purchasing an additional 15,679 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in First Mid Bancshares by 11.3% during the 4th quarter. American Century Companies Inc. now owns 451,057 shares of the bank's stock worth $16,608,000 after buying an additional 45,788 shares in the last quarter. 47.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FMBH. Stephens reiterated a "positive" rating on shares of First Mid Bancshares in a report on Friday, May 2nd. Raymond James Financial restated an "outperform" rating and set a $40.00 target price (down from $43.00) on shares of First Mid Bancshares in a research report on Friday, May 2nd. Finally, Wall Street Zen cut shares of First Mid Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $43.83.

First Mid Bancshares Trading Down 0.0%

Shares of NASDAQ FMBH traded down $0.01 during midday trading on Wednesday, reaching $38.89. 44,604 shares of the stock were exchanged, compared to its average volume of 63,296. First Mid Bancshares, Inc. has a 12 month low of $27.58 and a 12 month high of $43.86. The company has a market capitalization of $932.97 million, a price-to-earnings ratio of 11.57 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $36.21.

First Mid Bancshares (NASDAQ:FMBH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $85.21 million during the quarter, compared to the consensus estimate of $58.29 million. First Mid Bancshares had a net margin of 17.75% and a return on equity of 9.90%. As a group, equities research analysts expect that First Mid Bancshares, Inc. will post 3.61 EPS for the current year.

First Mid Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.24 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.96 annualized dividend and a yield of 2.47%. First Mid Bancshares's payout ratio is currently 28.57%.

First Mid Bancshares Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.